What are the charges for pledge or unpledge at Jainam?

The charges for making a pledge or unpledge request are same at Jainam.Pledge charges are collected per pledge request per ISIN. Charges of making a pledge/ unpledge request depends on the purpose for which you are pledging:

Reason of pledging	Charges for pledging/unpledging (exclusive of GST)
1. Pledging for a bank loan (i.e. LAS or loan) against securities	₹25 per pledge/unpledge request
2. Pledging for collateral margin	₹5 per pledge/unpledge request
3. Pledging for MTF(margin trading facility)	₹12 per pledge/unpledge request

RELATED FACTS: -

GST on pledge/unpledge charges: - The above-mentioned charges are exclusive of GST. GST @18% will be applicable in addition to this.

Calculation of pledge charges: - Pledge charges are collected per pledge request per ISIN.
For example,
If Mr X has pledged 100 qty of reliance for margin at Jainam at a single time then he has to pay a pledge charge at the rate of ₹ 5 only. But if Mr. X places multiple pledge requests of reliance in parts at different time then pledge charges will be collected separately for each pledge request.

For example,
If Mr. X has pledged 100 Reliance for margin in the following manner: -

PLEDGING	TIME OF PLEDGING	PLEDGE CHARGES APPLICABLE
pledged 50 qty	on Monday at 1.00 pm	₹5 per pledge request
pledged 10 qty	on Monday at 5.00 pm	₹5 per pledge request
pledged 40 qty	on Friday	₹5 per pledge request
Total pledged qty = 100		Total pledge charges = ₹15

Calculation of Unpledge charges: - Unpledge charges are also calculated per unpledge request.However, if a client has pledged an ISIN in parts and now placing an upledge request for total quantity then, unpledge charges will also be charged same as pledge charges for that total quantity.
For example, from the above case:-
- If 80 qty of Reliance is sold or unpledged by Mr.X then, unpledging charges will be levied as ₹15.
- If 60 qty of Reliance is sold or unpledged by Mr. X then, unpledging charges will be levied as ₹10.
Corporate action on pledged scrips:- If any corporate action is announced on a scrip pledged at Jainam, then that scrip will be auto-unpledged once and repledged by CDSL again to enable the client to benefit from such corporate action. Thus, an announcement of corporate action on any scrip pledged will lead to double charges per ISIN per pledge request. In addition to this, these charges will be levied for each pledge request in that ISIN.
For example,
If the pledge of Reliance 100 qty is done as above given pattern by Mr. X and now a corporate action has been declared by Reliance then, CDSL will charge auto unpledge and repledge charge at ₹ 30. (₹15 for unpledge and ₹15 for repledge)